This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
These companies are moving to procure key components from more suppliers, ensure that suppliers of similar components are not located in the same region, and doing more near-shoring. And many are adding supplier risk management duties to the sourcing tasks performed by their procurement managers.
Meet with the Leader in Procurement Risk AI As geopolitical risk, regulatory change, and ESG expectations accelerate, Exiger helps CPOs tackle the growing list of procurement challenges. Were excited to join World Procurement Congress 2025 for several exclusive events to discuss technology-driven transformation and building resilience.
What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.”
The Ivalua team will be returning to eWorld Procurement & Supply in London. Procurement and Supply Chain Leaders – to transform your SRM you need to understand your Procurement maturity (Beginner, Expert or Advanced), and what you are looking for from each supplier relationship.
Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. Fortunately, the report shows that procurement is putting actions behind words.
It also emphasizes the need to reduce reliance on high-risk foreign sources, particularly PRC-based entities, and directs agencies to implement procurement and funding policies that favor U.S.-based based production and suppliers. Additionally, the directive lays the policy groundwork for expanded outbound investment restrictions.
Exiger has previously analyzed Chinas regulatory moves to restrict these minerals trade flows, highlighting the need to identify alternative sources of supply. government procurement of critical components. Therefore, despite connections to the Russian military and government, VSMPO-AVISMA has avoided sanctions due to U.S.
Face shields, masks and ID holders for the Dutch military and police. The Dutch Army is supporting the Netherlands’ civil authorities in the fight against COVID-19, including deploying military doctors across the country. Image source: Dutch Ministry of Defence. Image source: FIT. The Army is no stranger to 3D printing.
Risks include ongoing Red Sea disruptions brought on by attacks on cargo and container ships, the ongoing Russia-Ukraine conflict destabilizing manufacturing and trade activities, along with Taiwan trade risks brought about by Chinese military drills hindering trade through major sea routes.
?. Public sector procurement is stuck in limbo – frequently the differences between public and private sector seem enormous, but they’re of te n exaggerated or misunderstood. Find out more about public procurement strategies in our new white paper, Going Digital in Public Sector Procurement. .
Global supply chains were starting to recover from two years of upheaval caused by the pandemic when the military crisis hit. The use of automated business systems supports efficient management of procurement and sourcing policy changes, improved distribution, and better decision-making based on relevant, and accurate real-time data.
In military operations, there is a notion called “the fog of war.” In military circles, professionals try to overcome the fog of war by increasing their situational awareness. Supply chain professionals, like military professionals, often find situational awareness an elusive goal. I like that term.
There are many different stops within that supply chain along the way, such as procurement and procurement management. Within the procurement of goods, there are many processes as well, such as sourcing and the role of reverse auctions in strategic sourcing. What is our sourcing strategy?
Shipping Managers, Procurement Directors, Distribution Managers, Traffic Managers, Logistics Directors, SCM Directors, Sourcing Managers, Transport Managers and Supply Chain Directors from: Major High Street and Online Retailers. Government/Military. But essentially, it increases your bottom line. Who attends? Wholesalers.
Now, the greatest risk they face has shifted to the regional instabilities due to military conflict and the geopolitical and economic uncertainties it has created. Revisit your sourcing arrangements with suppliers, especially with a view to geographic location. Develop business continuity plans with your suppliers.
To build resilience, organizations must integrate AI-powered risk management with responsible and flexible sourcing practices. In this session, Exiger and Slave Free Alliance explore how AI can deliver supply chain transparency to manage tariff uncertainty, mitigate disruptions, and combat forced labor.
Check out What Exactly Is Procurement? Kodiak Rating’s CTO was recently in attendance at a Procurement Leaders event held in London, titled DITx?—?Data No, we’re not running a military operation here, but there lies unmatched communicative value in after-action reviews. And What is Purchasing? This is a new breed of CPO.
As a procurement professional, you want to develop processes based on strategic sourcing and ensure proper supplier evaluation and selection. Reverse auction strategies are a must-have in procurement—in most cases. Ensure It’s the Right Good or Service. Buyers should carefully outline the requirements for success. Components.
If left to further its own evolution, they could have served as a source of competition to British Manufacturers. From time immemorial, military leaders have recognized the importance of wartime logistics. Once the revolution commenced, trade and the supply chain continued to play an important role. ”[3].
Efficient logistics is an important determinant of a country’s competitiveness and source of employment. It is also defined as the procurement, maintenance, distribution, and replacement of personnel and material. The United States military ensured that the services and supplies were provided at the right time and at the right place.
Supply chain network and transportation optimization can help make better sourcing and multi-stop route decisions that ultimately result in route design that balances low costs with higher service. With the EU and US introducing CO2 emission limits for trucks, the design of these transportation networks needs to change.
Logistics was first applied and recognised in military operations, its most significant impact is felt through the functions of production, distribution and consumption (Rodrigue and Slack, 2002). Logistics has been, is and always will continue to be one of the most controversial military subjects. and J-P Rodrigue (2004)).
The commercial and military aircraft provider formally reported Q3 financial after an earlier pre-release. The labor strike has now passed its seventh week and has liking resulted in an additional one billion in cash shortfall.
Sun Tzu, the famous Chinese general, military strategist, writer, and philosopher who lived in the 6th century BC, wrote, “The line between disorder and order lies in logistics.” He was hired as a purchasing agent and was directed to obtain some procurement training at a local certificate mill.[1] What products are sourced?
This offering provides a comprehensive set of tools for buyers to research, competitively source, and award business to the best suppliers that can meet any specific need. If you are in public procurement, you definitely need to check out Gov Shop! This is a sorely needed service.
Financial Performance Highlights Yesterday the commercial and military aircraft provider formally reported Q3 financial after an earlier pre-release. With this latest development the stakes are growing ever higher with each passing week.
If you think about the overall supply chain and how procurement is just one link in the chain, the RFP process is but one link in the procurement chain, but a very important one. . All of this type of software should speed up and automate your sourcing process. Knowledge base and template library. Vendor evaluations.
” In other words, just like military personnel, they need good situational awareness. That means knowing all the raw materials and components for the products you sell and where they are sourced from. They must also build in the ability to sense and pivot to perform against the unplannable.” Ideally, it is all of these.”[3]
So military logistics was really interesting because it’s big scale stuff. It was far more fascinating than military logistics, so within a few years I decided to leave and headed out to Australia and worked for a consulting company for two or three years. I said, “that’s fine, I’ll take that one”.
So I went straight to the source and asked consultants, trade reporters, Wall Street Journal reporters and others, what their go-to logistics and supply chain sources were. is one of the industry’s most respected logistics sources. Sourcing Innovation. This was the result. wsjlogistics. JOC Daily Newswire.
We recognise the value Serving Personnel, both Regular and Reservists, Veterans, and military families contribute to our business and our country.” “RS RS Integrated Supply was introduced by RS Group in 2022 after combining Synovos and IESA, two procurement and supply chain management companies. million customers.
In defense , antimony is essential for producing armor-piercing bullets, military-grade electronics, and protective coatings for equipment, making it indispensable to national security. Organizations should assess how reliant they are on Chinese-sourced antimony and related products.
Specific ideas include everything from sponsoring student competitions in machining and welding to attracting military veterans to work in DIB industries. And the DOD promises to use its procurement and contracting power to “ diversify domestic and allied supply chains to support the on-shoring and ally-shoring of critical supplies.”.
health regulators actually turned over coordination and oversight of volume vaccine distribution to experienced military logistics professionals who coordinated with vaccine makers and specialty logistics providers. health drug and medicines related procurement and supply networks, there should be no surprise to the current situation.
The New Trade Controls Will Likely Prompt Companies to Identify Alternative Sourcing Methods China’s move to restrict exports of two metals used in chipmaking and other goods poses a new threat to global supply chains, and makers of consumer electronics, solar cells, and semiconductors could see disruptions soon. In the U.S.,
It all comes back to the data,” agrees Tom Cummins, Vice President of Global Procurement at RS Integrated Supply. “If Use of AI will continue to transform procurement in the years to come. High quality data is an important enabler of integrated supply.” “It That is an advantage.” Once again, better data enables better decision making.
In many industries, sourcing executives have embedded their supply chains in Asian regions, noting that “…these jobs will never return to Western countries. ” To establish alternative sources that are competitive, qualified, and at-scale would cost much more than the 25% in tariffs companies are paying today in the U.S.
This type of software is used by businesses to plan and oversee routine operations, such as supply chain management, manufacturing, services, project management, customer relationship management, risk management, compliance, accounting and procurement. Overall, ERP software enables businesses to function more effectively.
If counterfeit electronic parts make it through the supply chain and into a mission-critical military asset, the potential for a worst-case scenario increases. Based on its findings, the SASC formed eight conclusions, including: Most counterfeit electronic parts in the defense supply chain are sourced from China.
That stands to reason given this aerospace’s company’s ties to supplying military, national defense and commercial aircraft. Customers and suppliers have reportedly been notified as well. Boeing has not provided any further specific information regarding the potential impacts.
Companies have been in a “wait and see” mode for the last three to six months with regard to this, and now their procurement and supply chain leadership are being forced to find new and creative ways to handle the purchasing and movement of goods on a global scale. In a lot of situations, this is not the case.
Within both commercial and military aircraft supply networks, there have been prior incidents, especially involving military aircraft, that had operating engines with bogus parts supplied, some of which led to disaster.
The product team ensures that off-the-shelf (OTS) parts can be adequately sourced and that manufacturers can build custom parts as needed. military issued standards on how government contractors should use configuration management. The prototypes then go through several iterations until all requirements are met. Department of Defense.
The report specifically cited i Phone contract manufacturing assemblers Foxconn, Pegatron , Wistron , along with MacBook producer Quantra Computer , AirPods producer Inventec , each being asked to evaluate alternative sourcing cost and other factors.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content